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NVIDIA's Q2 earnings beat expectations, driving stock growth and institutional buying despite insider sales.
NVIDIA reported strong Q2 earnings on August 27, posting $1.05 EPS and $46.74 billion in revenue, surpassing estimates by 55.6% year-over-year.
The stock, trading near $188.08 with a $4.57 trillion market cap, saw increased institutional buying from firms like Mowery & Schoenfeld and Cypress Wealth Services, while some insiders, including CEO Jen Hsun Huang, sold shares.
Analysts maintain a "Buy" consensus with a $233.75 average price target, and the company paid a $0.01 quarterly dividend.
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Las ganancias de NVIDIA en el segundo trimestre superaron las expectativas, impulsando el crecimiento de las acciones y la compra institucional a pesar de las ventas internas.